|Listing images courtesy Dwell California Real Estate & Investments. Arenas image courtesy Wikipedia/Keith Allison|
The informative folks at the LA Times Hot Property first revealed on November 19 that Gilbert Arenas' Encino home being listed on the market for $3.495 million on November 18, 2015. Arenas was born in Florida but raised in the Valley Glen section of the SFV where he graduated from Grant High School with his #25 jersey being retired.
He would later go on to play at the University of Arizona and was drafted by the Golden State Warriors in the 2001 NBA draft second round. He would go on to win numerous awards, accolades and become an all-star. He was nicknamed "Agent Zero" because of his jersey number being zero and "Hibachi" referring to the Japanese barbequing device which mean "bowl of fire." He even has an NBA rule named after him aptly called the "The Gilbert Arenas Rule" which allows teams the ability to resign restricted free agents who had not been first round picks like in the case of Arenas.
After a fruitful career in the NBA earning more than $140 million, things started to go downhill when in 2009 playing for the Washington Wizards, Arenas was found storing unloaded firearms in his locker for the Washington Wizards. This action not only violated NBA rules but also D.C. ordinances. He was later suspended for the 2010 season as a result of his actions and his NBA career declined having last played for the Shanghai Sharks in 2012 - 2013.
Arenas bad luck continues to follow him as he has made headlines recently with a lawsuit filed against Boulevard Management Inc. and business manager Lester Knispel for mismanaging his funds causing to lose millions where Arenas is seeking more than $40 million in damages. Arenas also has a highly publicized relationship with Laura Govan who stars on Basketball Wives LA who is also the mother of 4 of his children.
High in the hills of Encino, Nestled behind the private gates of an interminable driveway, there's a Tuscan Villa. .With its three car garage and parking for ten additional, this home lends itself to the entertainer in you. As you enter this estate, the first thing you'll notice is that every corner is angled for the breathtaking VIEW. From Warner Center to Media Center, all is yours to survey! Rich hardwood and polished travertine floors lend to the luxurious feeling that this home embodies. No expense has been spared in the care and attention to the smallest detail and the sense of "home". The towering ceilings in the family room create a spacious environment for gatherings and the room to room flow of the downstairs layout is perfect for epic entertaining. The stackable sliding doors when opened, create an airy, indoor/outdoor living space in the center of the home. Five fireplaces add to the warmth of this estate, creating several areas for cozy discussions. The nucleus of this Italian inspired masterpiece is, of course, the kitchen. Viking is the brand of choice for both the indoor and outdoor chef's kitchens. 6 burners with a large griddle, an oversized, built in refrigerator, full double oven and a farmhouse sink, all the tools of an avid cuisinier.
Arenas purchased this home on September 27, 2007 for $3.1 million and stands to profit $395K before expenses.
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